Avery Dennison Corp (NYSE:AVY) VP Lori J. Bondar sold 2,725 shares of Avery Dennison stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $113.27, for a total transaction of $308,660.75. Following the completion of the transaction, the vice president now owns 18,041 shares of the company’s stock, valued at approximately $2,043,504.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Avery Dennison stock traded down $0.44 during mid-day trading on Wednesday, hitting $111.83. 397,566 shares of the company traded hands, compared to its average volume of 638,181. Avery Dennison Corp has a one year low of $82.89 and a one year high of $117.00. The firm has a market cap of $9.42 billion, a PE ratio of 18.45, a PEG ratio of 2.07 and a beta of 1.32. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.14 and a quick ratio of 0.80.

Avery Dennison (NYSE:AVY) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. Avery Dennison had a net margin of 2.74% and a return on equity of 53.28%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business posted $1.44 earnings per share. Avery Dennison’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, research analysts anticipate that Avery Dennison Corp will post 6.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.52. This represents a $2.32 annualized dividend and a yield of 2.07%. Avery Dennison’s payout ratio is presently 38.28%.

Several equities analysts have recently weighed in on AVY shares. JPMorgan Chase & Co. downgraded shares of Avery Dennison from an “overweight” rating to a “neutral” rating and set a $105.00 target price for the company. in a research note on Friday, March 15th. They noted that the move was a valuation call. KeyCorp reiterated a “hold” rating on shares of Avery Dennison in a research note on Wednesday, April 24th. Loop Capital downgraded shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $118.00.

A number of institutional investors have recently made changes to their positions in AVY. Vanguard Group Inc lifted its position in Avery Dennison by 0.5% during the third quarter. Vanguard Group Inc now owns 9,807,709 shares of the industrial products company’s stock valued at $1,062,666,000 after purchasing an additional 44,059 shares during the last quarter. ETF Managers Group LLC lifted its position in Avery Dennison by 18.1% during the fourth quarter. ETF Managers Group LLC now owns 1,249 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 191 shares during the last quarter. BB&T Securities LLC lifted its position in Avery Dennison by 3.1% during the fourth quarter. BB&T Securities LLC now owns 6,559 shares of the industrial products company’s stock valued at $589,000 after purchasing an additional 198 shares during the last quarter. Global Financial Private Capital LLC lifted its holdings in shares of Avery Dennison by 6.8% in the 4th quarter. Global Financial Private Capital LLC now owns 4,578 shares of the industrial products company’s stock worth $411,000 after acquiring an additional 292 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Avery Dennison by 6.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,120 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

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About Avery Dennison

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.

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